Sunday, February 17, 2008

Release of new FairTax, the truth: answering the critics

A lot has happened since talk show host Neal Boortz and Georgia Congressman John Linder released the FairTax book in 2005. It has virtually started a tax revolution that is sweeping this land. It is now almost impossible for any Congressman or Senator to escape questions about the FairTax at town hall meetings, and the issue helped carry Mike Huckabee from a second tier candidate to a frontrunner. Although the media will have you believe it is all Christian evangelicals behind his success.

One draw back from the new book is it does not explain the FairTax in detail. So you don’t get the full story behind the FairTax and our current tax system. So, if you haven’t read the first FairTax book I suggest you do. You can order it here.

The purpose of the FairTax: the truth, answering the critics, is just that answering the critics. Just like in any kind of revolutionary idea or reform you are going to have critics, and you are going to have misinformation and now the FairTax is gaining steam there sure is a lot of misinformation or just plain lies about it.

Here are some of the confusion and misinformation that is cleared up in the book:

  • The FairTax does not increase the price of everything you buy by 30%
  • The FairTax does not put an increased burden on the poor. It literally "untaxes" them.
  • The FairTax does not destroy the middle class.
    Scientologists had nothing to do with it…(not sure where that one even came from, but the criticism exists)
  • What is the truth behind the "you get to keep your whole paycheck" concept
  • Retired Americans living on their investments and savings are not "double taxed" by the FairTax.
  • The FairTax rate will not have to be 40, 50 or 60 percent.
  • The FairTax will not "destroy" our economy, no more than nutritious food would damage a starving child.

You can order the book here: FairTax: the truth, answering the critics.

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